While government-sanctioned gambling is often trumpeted as a new source of revenue, a 2013 study shows shows the staggering cost of problem gambling. This national Australian report reveals that the social and economic cost of problem gambling could total up to $2.8 billion per year.
“New York City Launches Sweeping Investigation Into Polymarket and Kalshi” | The Wall Street Journal
August 12, 2026
By Kevin T. Dugan, Katherine Long “The New York City Council is investigating four prediction markets for alleged deceptive marketing